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What is it called when banks record which account gives up money and which account receives money when a customer writes a check?
Check clearing is when banks record which account gives up money and which account receives money when a customer writes a check.
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Asked 4/30/2013 2:05:59 PM
Updated 1/14/2018 7:13:46 PM
1 Answer/Comment
Edited by jeifunk [1/14/2018 7:13:46 PM]
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Check clearing is when banks record which account gives up money and which account receives money when a customer writes a check.
Added 1/14/2018 7:13:42 PM
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